Komodo to introduce 12 blockchain protocols in the next version of AtomicDEX
The AtomicDEX API claims to be compatible with 99% of cryptocurrencies in existence. On Wednesday, Komodo, a multichain architecture network, announced the introduction of 12 protocols on its non-custodial multi-coin software wallet and atomic swap-powered decentralized exchange AtomicDEX. The 12 protocols consist of Avalanche, Polygon, Harmony, Fantom, smartBCH, Ethereum Classic, Moonriver, KuCoin Community Chain, Huobi ECO Chain, Ubiq, Arbitrum and Optimism, with the latter two being wallet-only. After the upgrade, users will be able to swap Avalanche tokens to Polygon, Ethereum to....
Related News
KMD’s price surged after the project added support for 13 blockchain networks and announced plans to launch an NFT collection. Interoperability between separate blockchain networks has become a major theme in the cryptocurrency market over the past year, but several major exploits — such as the $321 million Wormhole exploit — have highlighted the difficulties in achieving cross-chain transfers in a secure manner.One protocol that has been gaining traction in February thanks to its alternative approach to achieving cross-chain interoperability is Komodo, an open, composable multichain....
Komodo’s AtomicDEX seeks to connect Ethereum with Bitcoin and other UTXO networks. The Komodo project launched on Friday the public beta of its latest product, AtomicDEX. The platform seeks to enable trustless atomic swaps between different blockchains, currently connecting Ethereum and its tokens to blockchains like Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE).Using atomic swaps allows users to trade directly with the native tokens. Someone buying Ether (ETH) with BTC would just exchange ownership of the respective coins on their blockchains, without having to use intermediary....
Blockchain technology has brought us unparalleled tools that allow us to achieve some degree of financial freedom. However, several aspects of cryptocurrency force us to pick and choose which features we value the most: efficiency, privacy, stability, speed, etc. However, it does not have to be like this. The Komodo Platform has put tools in place that can help cryptocurrencies achieve mass adoption and consumer satisfaction by allowing users to benefit from all the advantages that they provide without the need to sacrifice what they like best about national currencies. Privacy and....
ZCash-based Komodo (KMD) recently started its public ICO to raise funds for development, and ended up bringing in more than 1000 bitcoin on the crowdsale’s first day. At press time, that funding amount is worth around $648,220 USD. One contributing factor to this large initial success was that the team offered investors a 25 percent bonus for buying into the project on the first day of the ICO. According to a press release, the project’s developers will use funds from the ICO to continue work on the cryptocurrency, the main selling point of which is its ability to send anonymous....
By using the features provided by Komodo platform, other cryptocurrencies can easily improve their adoption while ensuring customer satisfaction. As repeated many times in the past, not all cryptocurrencies are made equal. But Komodo, the ZCash based platform is going to change that. Following its “Blockchain for Everyone” mission, the platform now enables other cryptocurrencies to make use of its infrastructure for additional security and reliability. By using the features provided by Komodo platform, other cryptocurrencies can easily improve their adoption while ensuring customer....